WellPoint Earnings Rise 38% Amid Light Commercial Costs

WellPoint Inc.'s fourth-quarter earnings rose 38%, helped by a tax settlement and light medical costs for people in the health insurer's commercial business.

The Indianapolis company's adjusted earnings topped internal and Wall Street expectations. Still, WellPoint maintained a cautious view for 2013, forecasting only a modest earnings increase, as the company invests to prepare for major changes under the health-care overhaul law...